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BP could face $18bn in extra fines after US ruling Gulf Mexico spill

2014-09-04 23:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP could face up to $18bn (11bn) in further fines after being found guilty of gross negligence for the Deepwater Horizon blowout that killed 11 workers and led to millions of barrels of oil spewing into the Gulf of Mexico. The oil firm had repeatedly expressed confidence it could avoid such a damning verdict over America's biggest offshore oil accident but a US district judge, Carl Barbier, ruled on Thursday that BP had been reckless as well as negligent. The long-awaited decision from the...

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Importer of fake Vuitton, Hermes bags face smuggling charges

2014-09-04 09:54:50| Apparel - Topix.net

The Bureau of Customs filed smuggling charges against a trading firm for allegedly illegally importing counterfeit products from China with an estimated market value of over P300 million. Charged before the Department of Justice is Noel Villaflor, owner and proprietor of NSGV Trading, and customs broker Sherjun Saldon.

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Mountain species & ecosystems face threats from climate change

2014-09-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Science World Report: As our climate changes, mountain species may be facing an uphill climb. Scientists have taken a closer look at mountain ecosystems and have examined the issues threatening wildlife in these systems in order to create better targeted conservation efforts. Mountains cover about 27 percent of the earth's surface. Despite some degree of protection due to the fact that they aren't easily accessed, though, mountain regions are still fragile ecosystems that are threatened by human-related impacts such...

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New Analysis Finds 38% of World's Shale Resources Face Water Stress

2014-09-03 10:12:27| oilandgasonline Home Page

Governments and businesses using hydraulic fracturing to develop shale gas could face intense water competition in the world’s largest reserves, according to a new report by the World Resources Institute (WRI).

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Banks in Sweden Face New State Lender Plan Targeting Price Cuts

2014-09-01 01:06:17| Appliances - Topix.net

Sweden's Social Democratic Party, which polls show will probably oust the government of Prime Minister Fredrik Reinfeldt next month, wants to use the state's mortgage lender as a lever to lower the cost of home finance.

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